11:01 LTE < Back Assess 2-Assignment... < > Not yet answered Question 10 Marked out of 0.75 On August 1, 2011, Karaki. Company purchased a license with a cost of $5,265,000 and a useful life of 10 years. At December 31, 2013, when the carrying value of the asset was $3,992,625, the company determined that impairment indicators were present. The fair value less cost to sell the license was estimated to be $3,693,200. The asset's value -in-use is estimated to be $3,802,500. Karaki 2013 income statement will report Loss on Impairment of? a. $1,272,500 b. $299,425 c. $190,125 d. $109,300 Clear my choice III